Journal ArticleDOI
Resource Allocation as an Outcropping of Strategic Consistency: Performance Implications
TLDR
Similarities in financial resource allocations across the lines of business of diversified firms may indicate corporate strategic consistency, which may lead to superior corporate performance as discussed by the authors. But, as discussed in Section 2.Abstract:
Similarities in financial resource allocations across the lines of business of diversified firms may indicate corporate strategic consistency, which may lead to superior corporate performance. In s...read more
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Who Matters to Ceos? An Investigation of Stakeholder Attributes and Salience, Corpate Performance, and Ceo Values
TL;DR: The authors examined relationships among the stakeholder attributes of power, legitimacy, urgency, and salience; CEO values; and corpo...Using unique data provided by the CEOs of 80 large U.S. firms,
Journal ArticleDOI
Trading off between Value Creation and Value Appropriation: The Financial Implications of Shifts in Strategic Emphasis:
Natalie Mizik,Robert Jacobson +1 more
TL;DR: In this article, the authors examine the effect that shifts in strategic emphasis have on stock return and find that the stock market reacts favorably when a firm increases its emphasis on value appropriation relative to value creation, but this effect is moderated by firm and industry characteristics, in particular, financial performance, the past level of strategic emphasis of the firm, and the technological envi...
Journal ArticleDOI
Resource complementarity in business combinations: Extending the logic to organizational alliances
TL;DR: In this article, the authors suggest that the existence of complementary resources is a necessary but insufficient condition to achieve synergy, and that the resources must be effectively integrated and managed to realize the synergy.
Journal ArticleDOI
Slack resources and firm performance: a meta-analysis☆
TL;DR: This article employed a meta-analysis based on 80 samples from 66 studies (n=54,249) and found evidence of a positive relationship among all three slack types (i.e., available, recoverable, and potential) and financial performance.
Journal ArticleDOI
Employment Flexibility and Firm Performance: Examining the Interaction Effects of Employment Mode, Environmental Dynamism, and Technological Intensity:
TL;DR: In this paper, the authors examined the relationship among four types of employment (knowledge-based, job-based and contract-based) and firm performance and found that a greater use of knowledge-based employment and contract work is positively associated with firm performance.
References
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Journal ArticleDOI
Towards Reconciliation of Market Performance Measures to Strategic Management Research
TL;DR: In this paper, four research issues are identified that highlight the contrasting perspectives of strategic management and finance on event-study methodology, and these issues are used to evaluate five finance procedures used to calculate market-based performance measures.
Journal ArticleDOI
Relationships among corporate level distinctive competencies, diversification strategy, corporate structure and performance
Michael A. Hitt,R. Duane Ireland +1 more
TL;DR: In this paper, the relationships between corporate level distinctive competencies and performance were examined across 185 industrial firms using different diversification strategies and having different corporate structures and only a small relationship was found to exist between diversification strategy and corporate structure.
Posted Content
The Validity of ROI as a Measure of Business Performance
TL;DR: The authors examines the validity of ROI as a measure of economic rate of return by ascertaining the existence and extent of the association of corporate level accounting ROI with stock return, a widely accepted indicator of business performance.
Journal ArticleDOI
The impact of diversification strategy on risk-return performance
Yegmin Chang,Howard Thomas +1 more
TL;DR: Regression analysis shows that differences in risk-return performance among diversified firms are more closely associated with structural factors associated with markets and businesses than with the particular diversification strategy chosen.
Journal ArticleDOI
On the measurement of corporate diversification strategy: Evidence from large U.S. service firms
TL;DR: Evidence is provided suggesting that measures of corporate diversification strategy based on internal data differ significantly from those based on externally available data.